With the constantly transforming cyber landscape, intruders are always finding new ways to exploit weaknesses in organizations’ systems and applications. As a result, cyber-related incidents have become one of the top risks to businesses as they attempt to understand their cyber resilience and exposure to threats.
The role of security assurance, therefore, becomes crucial in helping organizations undertake effective cyber risk management, adhere to regulatory and legal compliance requirements, and protect against costly security breaches. Many organizations are already recognizing this shift: According to research conducted by MarketsandMarkets, the global security assurance market is expected to grow to $5.48 billion by 2023.
The security assurance function aims to provide organizations with confidence and trust in the effectiveness of their security controls through various means, such as evidence-based risk assessments, control gap analyses and security tests to help identify the risks posed to the organization. However, the ever-increasing number of security breaches and some organizations’ inability to show adherence to basic security hygiene reflect an inadequacy in our current security assurance models.
Challenges With Contemporary Security Assurance Models
Our current approaches are reactive — evidence suggests that organizations respond to most security threats after they have happened. A proactive security assurance model is a key enabler for delivering an effective operating model that encompasses the protection of people, processes and technology. One of the main obstacles to achieving robust digital security is inflexible organizational processes that hinder a proactive defense strategy.
Our models also have a short shelf life, as the threat landscape is always evolving. Internal and ex ..
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